Super Micro posts AI-driven revenue record as margins tighten

Super Micro reported a second-quarter revenue of $12.7 billion, a company record up 123% year over year, driven by AI demand, with adjusted earnings of 69 cents per share. However, gross margin fell to 6.3% due to mix and supply-chain pressures, prompting near-term margin concerns even as the enterprise-focused business underpins potential higher long‑term margins. Management guided for at least $12.3 billion in revenue next quarter and at least $40 billion for fiscal 2026. Shares rose about 7% after hours on the strong top line against a backdrop of competition and memory-price headwinds.